- Use promo code 3FREE to get three free transfers
- Easy to use with round-the-clock help
- Get cash to family and friends in minutes
If you want to send money from the UK to a friend or loved one in Liberia, make sure that you shop around to find a secure and affordable transfer option. If you don’t compare your transfer options before you send your funds, your transaction could end up costing a whole lot more than it needs to.
Unfortunately, most UK banks don’t offer international money transfers to Liberia, in part due to political instability in the country in previous years and also due to Liberia’s association with the blood diamond trade – check with your bank for a list of approved transfer destinations. In any case, banks don’t offer a very affordable option when you need to send money overseas, as you’ll need to contend with their poor exchange rates and high transfer fees.
A much more affordable money transfer option is available from specialist money transfer companies. These providers, which usually offer fast online transfers, have far superior exchange rates to those offered by banks and also tend to charge lower fees. However, you’ll need to shop around to see which companies will allow you to send money from the UK to Liberia.
Tony wants to send money to his sister Janine, who is completing a schedule of volunteer work in Liberia but has unexpectedly spent all her money. His bank doesn’t offer transfers to Liberia, so Tony seeks out two cash pickup transfer companies to see which one offers the best deal when transferring £1,000 from the UK to Liberia.
As you can see from the table below, Tony can send an extra 423.50 LRD using the first company. The first company also charges fewer fees, meaning this is the best option for Tony.
|Money transfer company 1||Money transfer company 2|
|Exchange rate||£1 = 113.945 LRD||£1 = 113.098 LRD|
|Transfer method||Cash pickup transfer||Cash pickup transfer|
|Processing time||10 minutes||10 minutes|
|Amount received (LRD)||56,972.50 LRD||56,549.00 LRD|
Companies such as Western Union and MoneyGram can help you send urgent cash transfers from the UK to Liberia in as little as 10 minutes. Just be aware of the fact, however, that emergency transfers come at a higher premium than ordinary transactions. Poor exchange rates and high transaction fees are the norm, so it’s important to review the cost of your transaction before agreeing to it.
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The World Health Organisation declared Liberia to be Ebola transmission free in June 2016 – this is no longer considered a threat. However, there is an underlying threat from terrorism. Attacks could be indiscriminate, including in places visited by foreigners. There may be heightened security at hotels in Liberia, following the terrorist attacks on hotels in Bamako, Mali on 20 November 2015, and Ouagadougou, Burkina Fason on 15 January 2016 and in Grand Bassam, Côte d’Ivoire on 13 March 2016. You should be vigilant after recent attacks, especially in places visited by foreigners.Back to top
You will usually need to complete the following steps when you want to send money to Liberia:
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